China’s CNOOC to study LNG project in Canada

13 November 2013 03:14[Source: ICIS news]

SINGAPORE (ICIS)--China’s CNOOC Ltd announced on Wednesday that it will conducta feasibility study of constructing a liquefied natural gas (LNG) plant and export terminal at Grassy Point near Prince Rupert, British Columbia of Canada.

The project will be implemented through Nexen Energy, a wholly-owned subsidiary of CNOOC Ltd, according to a statement from the Chinese firm.

Nexen Energy has entered into an exclusive agreement with the Government of British Columbia, which grants Nexen and its joint venture partners INPEX Corp and JGC Corp the exclusive right to pursue long-term access to Crown land at Grassy Point, the statement said.

The decision to proceed with the project is subject to a variety of internal and external approvals, in addition to suitability assessment of the site, the statement added.

“We have a long process ahead that includes a site viability review, a comprehensive environmental impact assessment and stakeholder consultation,” said Kevin Reinhart, CEO of Nexen.

CNOOC Ltd is a subsidiary of China National Offshore Oil Corp (CNOOC).